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Slips

Slips to 6-Week Low at $20, But Potential Trend Shift Emerges

by admin September 27, 2025

Native token of oracle network LINK$21.04 has sunk to its weakest price since early August, giving up past weeks’ gains amid broader crypto market weakness.

LINK dipped briefly below $20 multiple times overnight from Thursday to Friday, declining around 4% over the past 24 hours and down nearly 28% from the August highs.

The move happened despite consistent buying activity. On Thursday, wealth management firm Caliber (CWD) bought another $4 million in LINK tokens as part of its digital asset treasury strategy. With the latest purchase, the firm brought total LINK holdings to $10 million, according to the press release.

The Chainlink Reserve, a facility that purchases tokens using revenue from protocol integrations and services, taking supply off from the open market, also bought on Thursday nearly 47,903 LINK, worth just shy of $1 million at current prices. The initiative has purchased over 370,000 tokens ($7.5 million) since its August launch.

Despite the bearish trend, LINK is showing signs of snapping its downtrend with buyers’ defending the $20 price level, CoinDesk Research’s technical analysis model suggested. However, bulls have to push through the subsequent resistance cluster around $20.57 for a more persistent trend shift.

Price Movement: LINK retreated 5% from $21.16 to $19.95 before rebounding to $20.26, showcasing substantial intraday fluctuation with firm support at the $20.00 psychological barrier.
Macroeconomic Influences: Broad-based cryptocurrency volatility mirrored wider risk-aversion sentiment as bitcoin fell below $109,000 and major altcoins tumbled.
Microeconomic Components: Outstanding trading volume exceeding 5 million units during the selloff suggested institutional participation, while the following recovery on continuous buying interest indicates robust underlying appetite for LINK tokens.
Volume Assessment: Outstanding volume of 5,031,849 units during decline created firm support at $19.95 threshold.
Support Zones: Essential support region identified between $19.95-$20.00 with multiple successful validations.
Resistance Objectives: Subsequent resistance cluster positioned near $20.57 with intermediate resistance at $20.30-$20.35.
Momentum Signals: Bullish measured move formation indicates sustained upward momentum capacity.

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September 27, 2025 0 comments

Crypto Trends

BNB Slips Below $1K as Crypto Market Drops, Fear Index Nears ‘Fear’

by admin September 26, 2025

BNB, the token that powers the BNB Chain and can be used for fee discounts on leading crypto exchange Binance, dropped more than 2% in the last 24 hours amid a wider cryptocurrency market decline.

Sentiment in the industry remains poor, with the Crypto Fear and Greed Index now at 41, a neutral level close to hitting fear, while the average crypto relative strength index (RSI), a technical indicator, points to oversold levels according to CoinMarketCap.

The token slid from $1,025 to just under $1,000 as sellers took control and resistance built near $1,035, according to CoinDesk Research’s technical analysis data model. The broader CoinDesk 20 (CD20) index dropped 3.7%.

BNB Chain validators have put forward a proposal to reduce gas fees from 0.1 to 0.05 gwei. The change would drop average transaction costs to around $0.005 and accelerate block speeds from 750 milliseconds to 450 milliseconds.

The proposal comes at a time in which on-chain trading activity is booming on the BNB Chain after the launch of decentralized trading platform Aster, which recently overtook Hyperliquid in daily perpetual trading volumes.

Technical Analysis Overview

BNB traded within a $49 range over the past 24-hour period, falling to $993. Strong resistance formed just above $1,030, while support held firm around $987.

The price briefly recovered, ticking up from just below $990 to near $994. The gain came as buying demand appeared and pushed the token to form higher lows.

Trading volume suggested a shift from aggressive selling to slower accumulation, with support consolidating near $989 and resistance emerging just under $996.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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September 26, 2025 0 comments

NFT Gaming

Stellar’s XLM Slips Below Key Support Despite Expanding Institutional Adoption

by admin September 19, 2025

Stellar’s XLM token slipped below key support in a bout of institutional selling, signaling broader market weakness. Between Sept. 18 at 15:00 and Sept. 19 at 14:00, XLM fell 3.58% from $0.40 to $0.39, with volumes surpassing the 24-hour average of 22.33 million tokens. Analysts pointed to concentrated selling during overnight sessions — traditionally dominated by institutional flows — and the breach of $0.40 support as evidence of repositioning ahead of regulatory clarity.

Despite the pullback, XLM found modest relief in the final hour of trading, eking out a 0.05% gain as buyers defended the $0.39 level. Still, the broader trend remains bearish, with resistance consolidating around the $0.40 threshold where previous rebounds have faltered on elevated volume. Technical analysts warned the pattern of lower highs signals persistent downside pressure.

At the same time, institutional interest in Stellar’s infrastructure continues to grow. The Stellar Development Foundation highlighted adoption during its Meridian conference in Rio de Janeiro, where Centrifuge deployed a $20 million tokenized real-world assets (deRWA) initiative and Mercado Bitcoin announced a $200 million tokenization program. PayPal’s USD stablecoin also went live on Stellar, extending institutional access to the network.

XLM/USD (TradingView)

Market Indicators Reflect Institutional Repositioning

XLM breached critical support at $0.40 with trading volumes exceeding 22.33 million average.
Clear bearish trend established with lower highs formation throughout the trading session.
Resistance levels consolidated at $0.40-$0.40 where recovery attempts faced institutional rejection.
Intraday volatility reached $0.003 range between $0.39 session peak and $0.39 trough.
Volume surge to 1.13 million units during selling pressure before institutional stabilization.
Recovery momentum emerged with 0.05% gain in final 60 minutes of trading activity.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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September 19, 2025 0 comments

Crypto Trends

Ethereum Price Slips as $1,200,000,000 ETH in Sell Volume Hits Market

by admin September 17, 2025

The Ethereum price is trading in red on the daily time frame. At press time, ETH was trading down 1.92% in the last 24 hours to $4,441, according to CoinMarketCap data.

According to community analyst at CryptoQuant Maartunn, Ethereum recently saw a taker sell volume of $1.2 billion, which has pushed its price lower in the last 24 hours.

Ethereum fell for three consecutive days since a high of $4,768 on Sept. 13 and is now entering a fourth day of dropping, reaching an intraday low of $4,425.

Ethereum price prediction

In a recent CNBC interview, Ethereum-focused MicroStrategy-style company BitMine Chairman Tom Lee predicts that Ethereum might be a beneficiary of the Fed’s rate cut.

Stablecoin Retail Transfers Hit Record Level as BSC, Ethereum Gains Ground, Tron Slips

by admin September 7, 2025

Stablecoin adoption among retail users has set new records this year, with transaction volumes through August already exceeding last year’s total, a fresh report by CEX.io said.

Retail-sized transfers, counting transactions under $250, crossed $5.84 billion in August alone, the highest ever recorded, according to data by Visa and Allium cited in the report. With nearly four months left in the year, 2025 has already become the busiest period yet for stablecoin transfer volume at the consumer level.

The figures underscore stablecoins, a group of cryptos tied to fiat currencies like the U.S. dollar, becoming increasingly embedded into everyday financial activity, from cross-border remittances to microtransactions, the report pointed out.

Survey data from emerging markets, asking over 2,600 consumer in Nigeria, India, Bangladesh, Pakistan and Indonesia, reinforced this picture, CEX.io analysts. A majority of respondents said they turned to stablecoins to avoid high banking fees and slow transfers, the report said. Nearly 70% of them reported using stablecoins more frequently than last year, and more than three-quarters expect usage to keep rising, the report said.

Survey results about stablecoin motivations in emerging countries. (CEX.io)

Ethereum gains, Tron falls back

The distribution of activity among blockchains have shifted, the report noted. The Tron TRX$0.3272 blockchain, traditionally popular for retail transfers due to its low fees and wide support for Tether’s USDT (USDT), has given up market share. Monthly transaction counts fell by 1.3 million, or 6%, and its growth in volume lagged behind its closest competitors.

In its place, Binance Smart Chain (BSC) emerged as the top choice for retail users, capturing nearly 40% of retail stablecoin activity, the report said. The network’s transaction count jumped 75% this year with transfer volume rising 67%. Much of the momentum came after Binance delisted USDT in March for European users and a resurgence of memecoin trading on PancakeSwap on BSC.

The Ethereum complex, with the base chain and layer-2 networks combined, made up over 20% of transfer volume and 31% of transaction counts, the report noted. While small transfers largely took place on L2s, the mainnet enjoyed a significant rise in the retail segment. Sub-$250 transfers on the mainnet rose 81% in volume and 184% in count.

Ethereum has been mostly used for large-value transactions due to its high fees, but transaction costs have dropped more than 70% over the past year, making mainnet transactions more competitive even in the sub-$250 range, the authors said.

Read more: Ripple Brings $700M RLUSD Stablecoin to Africa, Trials Extreme Weather Insurances

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September 7, 2025 0 comments

Crypto Trends

XRP Hits a Wall, Solana Slips, and Pump Puffs Its Chest: Analysis

by admin September 5, 2025

In brief

XRP momentum has faded after breaking an eight-year all-time high price.
Solana charts tell a different story today than the price action would indicate.
And Pump’s PUMP is pumping once again, but can it last?

The crypto market has rolled into September with characteristic uncertainty, as “Red September” fears collide with mounting optimism over Federal Reserve rate cuts.

The Crypto Fear and Greed Index is currently at 51 out of 100, reflecting retail caution in “neutral” territory. Meanwhile, markets are pricing in a 91.7% probability of a rate cut this month following Fed Chair Jerome Powell’s dovish remarks at Jackson Hole. The broader market context shows increased volatility, with the Dow Jones Industrial Average falling around 250 points, while the S&P 500 dropped about 0.7% earlier this week.

Meanwhile, U.S. Treasury yields rose, with the 30-year jumping 5 basis points to trade around 4.97%, eyeing the key 5% level—a threshold that historically pressures risk assets including crypto.

And within a sea of red on the crypto market charts today, three coins stand out as worthy of special attention: XRP, Solana, and Pump.fun’s PUMP. Here’s what the charts are saying:

XRP price: Testing critical support

XRP’s price action today reflects broader market caution, with the token opening at $2.8442 before sliding to close at $2.8112, marking a 1.16% decline. The price movements respected both the triangle pattern and the resistance zones of the moving averages. The intraday high of $2.8623 couldn’t be sustained as selling pressure emerged, pushing prices to test the daily low of $2.7864.

The technical picture reveals a market in consolidation. The Relative Strength Index, or RSI, at 43 indicates slightly bearish momentum without reaching oversold conditions. RSI measures market momentum on a scale from 0 to 100, with numbers over 70 suggesting overbought conditions and under 30 indicating oversold.

XRP at the moment looks like a market that’s lost upward momentum but hasn’t capitulated. When RSI falls below 50 but stays above 30, it typically signals a cooling-off period where buyers are stepping back without panic selling emerging.

Considering the current pattern, this suggests XRP could trade sideways or slightly lower before finding its next directional move, maintaining the triangle formation throughout all September.

The Average Directional Index, or ADX, for XRP is at 20 and deserves special attention. ADX measures trend strength on a scale from 0-100, where readings below 20 indicate no clear trend, 20-25 suggest a developing trend, and above 25 confirms strong directional movement. XRP’s current ADX readings show the market lacks conviction in either direction.

Traders would interpret this as bearish because it suggests the recent bullish trend that took XRP to new highs is losing steam without a bullish reversal yet emerging. Traders typically avoid positions when ADX is below 20, waiting for clearer signals.

XRP’s chart shows a descending triangle pattern from August peaks near $3.60, with lower highs creating downward pressure while the $2.80 level acts as horizontal support.

Exponential moving averages, or EMAs, provide traders with a view of potential price supports and resistances by assessing the average price of an asset over the short, medium, or long term.

The 50-day EMA positioned above the 200-day EMA is widely interpreted as a bullish long-term structure, because it shows prices over the short term are outpacing prices over the longer term. But the narrowing gap between these averages for XRP warns of potential bearish crossover if weakness persists.

The Squeeze Momentum Indicator points to a volatility compression phase that often precedes significant moves, which is also a logical textbook conclusion for triangle patterns.

This price movement can change as markets digest their expectations on XRP spot ETF applications, with final decisions expected between October 18 and October 25, 2025, in the middle of the traditionally bullish month.

Key Levels:

Immediate support: $2.7580 (horizontal support zone)
Strong support: $2.4725 (July consolidation low)
Immediate resistance: $2.90 (psychological level)
Strong resistance: $3.0000 (major psychological barrier)

Solana: Alpenglow in the spotlight

Solana’s 3.06% decline from $210.76 to $204.32 comes despite positive news for the blockchain network. Solana revealed that 99% of its community voted in favor of the upcoming Alpenglow upgrade, which promises to give the already fast network a speed boost, yet sellers dominated today’s trading.

The token peaked at $212.01 before bears took control, driving prices to test $201 support.

The RSI at 55 presents an interesting divergence from price action. The indicator remains over 50 points, suggesting underlying buying interest is absorbing selling pressure. This is interpreted as accumulation during weakness, with the coin going up despite several indicators flashing red signals.

The ADX at 26 also confirms a solid trending behavior. Unlike XRP’s directionless 19 reading, Solana’s ADX above 25 indicates the current move has momentum behind it. The price action remains clearly bullish, with prices bouncing on a shared support and almost going inside an upwards channel.

The Squeeze Momentum Indicator’s “on” status aligns with the consolidation between $200-$215. The 50-day EMA sitting well below current prices provides dynamic support, though the failure to hold above $210 raises concerns about testing this average near $170. The chart shows SOL respecting an ascending channel’s lower boundary near $200, making this a critical level, with the need to go at least past $220 in the upcoming days if the trend remains solid enough.

Key Levels:

Immediate support: $200.00 (psychological and channel support)
Strong support: $170.69 (50-day EMA)
Immediate resistance: $210.00 (intraday breakdown level)
Strong resistance: $220.00 (channel resistance)

PUMP: Momentum despite weak trend

Pump.fun’s PUMP pumped 6.37% to $0.00432 is a big, bright light amid broader market weakness. The Solana meme coin launchpad Pump.fun has just introduced “Project Ascend,” a sweeping upgrade featuring a new dynamic fee system designed to better reward creators without killing trading volume.

The token tested resistance at $0.0045000 before settling near current levels, with the $0.0039719 low successfully defended. It is the second best performing token in the top 100 coins by market cap, beating all projects besides Memecore.

The token behaved as expected in our August 6 analysis: The double bottom pattern made it grow, breaking the first resistance zone at $0.003567 two days ago and the stronger $0.004113 today.

The RSI at 64 approaches but hasn’t reached overbought territory above 70. This sweet spot between 60-70 often marks the strongest phase of uptrends. Historical data shows tokens can sustain RSI between 60-70 for weeks during bull runs, and it would be normal to happen. But being so young, and having a use case tied to the volatile world of meme coins, could play against its credibility.

Coming from a heavy crash, the ADX at 14 tempers bullish enthusiasm. This exceptionally weak reading indicates the upward move lacks trending characteristics. It’s more likely a bounce within a range than the start of a sustained rally. When ADX remains below 20 during price gains, it typically signals choppy, news-driven moves that quickly reverse once the catalyst fades.

The coin is too young to show 200-day moving averages. But the four-hour charts are already in golden cross formation, which traders would widely recognize as bullish. And that’s something optimistic traders might be closely watching to see how it develops.

Key Levels:

Immediate support: $0.0035 (range bottom)
Strong support: $0.00257 (resistance around the double bottom zone)
Immediate resistance: $0.0074 (minor resistance)
Strong resistance: $0.0053 (range top)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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September 5, 2025 0 comments

Crypto Trends

BNB Slips Below $860 as Resistance Holds and Traders Brace for U.S. Jobs Data

by admin September 1, 2025

The price of BNB saw sharp intraday swings over the past 24-hour period as it continued to drop from an all-time high of $900 seen late last month.

Over a 24-hour window, the asset traded between $849.88 and $868.76, a 2% move that began with bullish momentum but ended with signs of fatigue near resistance.

The volatility follows filings with the U.S. Securities and Exchange Commission by REX Shares late last month, along with the rise of BNB-focused treasury firms. The latest, B Strategy, aims to hold up to $1 billion worth of BNB with backing from the investment firm led by Binance co-founders Changpeng Zhao and Yi He.

While BNB failed to hold on to its gains from earlier, underlying network activity surged. Daily active wallet addresses on BNB Chain more than doubled, climbing to near 2.5 million according to DeFiLlama data.

Yet, transaction volumes have been dropping steadily since late June, data from the same source shows. BNB’s price drop also comes ahead of key economic data from the U.S. this week, including surveys of manufacturing and services and August payroll figures.

Jobs data could influence the odds of the Federal Reserve cutting interest rates this month. As it stands, the CME’s FedWatch tool weighs a near 90% chance of a 25 bps cut, while Polymarket traders put the odds at 82%.

Technical Analysis Overview

BNB entered the session with a surge from $860.30 to $868.08, but the rally quickly lost steam. Heavy selling pressure emerged around the $867–$868 level, a zone that has now established itself as a key resistance ceiling, according to CoinDesk Research’s technical analysis model.

Volume surged during this attempt, peaking at 72,000 tokens, well above the average of 54,000, indicating a high level of participation during the failed breakout.

After the rejection, BNB retraced toward the $850–$855 range, where buying interest emerged. This was most visible as the token dipped to $851.40, triggering a volume spike. This response pointed to solid demand at these lower levels.

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September 1, 2025 0 comments

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))

Crypto Trends

PEPE Slips as Whale Offloads $4.8M Stake, Still Outperforms Memecoin Sector

by admin September 1, 2025

Popular memecoin PEPE dropped roughly 1% as a major token holder sent 500 billion tokens valued around $4.8 million to Binance, adding selling pressure to the token.

The move comes amid a 40-day downtrend that cost the trader roughly $450,000. Tokens are often transferred to accounts on exchanges in preparation for an impending sale. The token most recently traded at $0.00000992, according to market data, bouncing from earlier lows near $0.00000938. Prices swung within a 6% range before recovering toward resistance at $0.00000983.

The whale, according to blockchain data, is still holding onto 1.5 trillion PEPE tokens worth more than $14 million.

More than 3.26 trillion PEPE tokens changed hands during the session, with the strongest volumes recorded during the recovery phase, according to CoinDesk Research’s technical analysis data model.

After dipping to the session’s low, PEPE rebounded sharply as buyers stepped in at support levels. That surge lifted the price close to an intraday peak.

The market responded to the transfer with sustained buying interest, a sign of confidence or opportunistic accumulation. Still, bearish pressure hasn’t vanished. Resistance remains firm just below $0.00001, and price action continues to test support levels.

Nansen data supports the case for opportunity accumulation, as it shows that PEPE whales on Ethereum added 1.46% to their holdings over the past 30 days.

PEPE is outperforming the broader memecoin market. As measured by the CoinDesk Memecoin Index (CDMEME), the sector lost almost 3% of its value over the past 24 hours, more than PEPE’s near 1% decline.

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September 1, 2025 0 comments

Crypto Trends

Tether’s grip on stablecoins slips below 60% for first time since 2023

by admin September 1, 2025

USDT dominance is eroding as Circle and other stablecoin competitors fight for a share of the pie.

Summary

USDT dominance fell below 60% for the first time since 2023
Circle’s USDC is its primary competitor, nearing 30% dominance
The passage of the US GENIUS Act is making the market more competitive

Competition among stablecoin issuers is growing. On Friday, August 29, USDT dominance fell to 59.45%, according to data from DeFiLlama. This was the first time the key figure fell to these levels since March 2023, indicating that Tether may be losing its grip on the market.

Stablecoins by dominance since 2018 | Source: DeFiLlama

Notably, in the first half of 2024, USDT dominance hovered around 70%. At the same time, Tether’s main competitor, Circle’s USDC, controlled just 18% of the market, a figure which is now close to 30%. On the other hand, DAI’s dominance fell in that period, from around 3.5% to its current level of 1.86%.

One standout performer this year is Ethena’s USDe. Launched in December 2024, already reached 4.34% in dominance and a market cap of $12.275 billion. On the other hand, Trump World Liberty Financial’s USD1 controls 0.88% of the market.

Tether faces regulatory issues in Europe, the U.S.

Tether is not just facing increased competition. With more countries issuing stricter rules on stablecoins, its USDT is at a disadvantage. So far, Tether has declined to comply with Europe’s MiCA stablecoin framework, leading to its delisting on major exchanges.

Top stablecoins by market cap | Source: DeFiLlama

Tether may soon face the same issue in the United States, which recently passed the GENIUS Act, which requires more transparency from stablecoin issuers. Still, despite a shift in market positioning, major players, including Tether, are on the rise. Both USDT and USDC are at record levels, at $168.43 billion and $70.378 billion, respectively.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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September 1, 2025 0 comments

Game Updates

Mortal Kombat 2 movie release slips to 2026

by admin August 30, 2025

The Mortal Kombat 2 movie was set to hit cinemas on October 24th, but it has now been delayed by several months to May 15th, 2026.

According to Deadline, test screenings have been “strong”, but a busy October schedule is likely behind the decision to push back the release date to a more favourable mid-year position.

Mortal Kombat 2 – Red Band trailer.Watch on YouTube

A follow-up to 2021’s live-action Mortal Kombat movie was announced back in January 2021, with Jeremy Slater – head writer on Disney+’s Moon Knight series – confirmed to be handling the script. Simon McQuoid remains on directing duties after helming the first movie. To date, New Line’s three Mortal Kombat-flavoured movies have generated $257.8m (£190.9m) collectively, with its Red Band trailer – embedded above – racking up a record-breaking 106.8m views in just 24 hours.

Mortal Kombat 2 stars the likes of The Boys star Karl Urban, who’s stepping into the high-kicking boots of series icon Johnny Cage. This time around, it’s Cage who’s sucked through a portal and into the world of Mortal Kombat (Lewis Tan’s Cole Young, who had a similar experience in the first movie, is back too).

It also stars Jessica McNamee as Sonya Blade, Adeline Rudolph as Kitana, Ludi Lin as Liu Kang, Mehcad Brooks as Jackson “Jax” Briggs, CJ Bloomfield as Baraka, Tati Gabrielle as Jade, Chin Han as Shang Tsung, Hiroyuki Sanada as Hanzo Hasashi/Scorpion, and Max Huang as Kung Lao.

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August 30, 2025 0 comments